All but Which of the Following Is Required of a Negotiable

question 38

Multiple Choice

All but which of the following is required of a negotiable instrument?

• A) It must be payable only out of a particular fund.
• B) It must contain an unconditional promise to pay a fixed amount in money.
• C) It must be payable on demand or at a fixed future date.
• D) It must be in writing and signed by the maker or drawer.

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Definitions:

Mind

The element of a person that enables them to be aware of the world and their experiences, to think, and to feel.

Structuralism

An early school of psychology that aimed to understand the structure of the mind by breaking down mental processes into their most basic components.

E. B. Titchener

A psychologist known for founding structuralism, focusing on breaking down mental processes into the most basic components.

Wilhelm Wundt

A German psychologist who is often regarded as the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.